298 MONTFORT STREET, Ottawa, Ontario

6 Beds 3 Baths

$789,900

Listing ID: X13879244 Property Type: Multi-family

Income-producing investment opportunity in a convenient central Ottawa location. This fully tenanted triplex features three spacious 2-bedroom units and generates approximately $69,300 in gross annual rental income, with an estimated NOI of approximately $54,711. Each unit offers in-suite laundry and dedicated parking, plus a fourth parking space with additional income potential. The property is efficiently configured with three separate hydro meters, with tenants in Units 2 and 3 paying their own hydro. Recent improvements include rear metal stairs completed in 2025, a new rented furnace installed in 2026, updated interior doors, refreshed bathroom finishes, and LED lighting upgrades. The units offer functional layouts, hardwood flooring, tiled kitchens and bathrooms, and abundant natural light from all four sides of the building. The desirable 3 x 2-bedroom configuration provides strong rental appeal for a wide range of tenants. Ideally located close to Montfort Hospital, downtown Ottawa, Highway 417, public transit, schools, shopping, restaurants, parks, and community amenities. A solid opportunity for investors looking for immediate rental income and long-term potential in a well-connected Ottawa location. Some interior photos were taken prior to the current tenancy. (id:25961)

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Details

Amenities Nearby: Schools, Hospital, Public Transit
Community Features: Community Centre
Equipment: Water Heater, Furnace
Features: Carpet Free
Parking Spaces: 4
Rental Equipment: Water Heater, Furnace
Transaction: For sale
Zoning Description: R4E

Building

Amenities: Separate Electricity Meters
Appliances: Blinds, Dryer, Microwave, Stove, Washer, Refrigerator
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 6
Cooling: None
Fireplace Present: False
Fire Protection: Smoke Detectors
Foundation: Concrete
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1100 - 1500 sqft
Stories Total: 2
Type: Triplex
Utility Water: Municipal water

Land

Amenities: Schools, Hospital, Public Transit
Sewer: Sanitary sewer
Size Frontage: 33 ft
Size Irregular: 33 x 95 FT

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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 298 MONTFORT STREET in Ottawa Ontario. It was last modified on October 8th, 2026. Contact Tim McLean to schedule a viewing or to discover other Ottawa homes for sale.

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